Rumors are that when Adams announced that he was going to get his first checks in Bitcoin, it was a singal for the banks holding pension assets to sell

https://www.nyc.gov/office-of-the-mayor/news/041-22/mayor-adams-receive-first-paycheck-cryptocurrency#:

What's strange is the City used Coinbase to make the transaction, while the platform was under investigation for things like sex trafficking. 

https://www.reuters.com/legal/government/crypto-exchanges-enabled-online-child-sex-abuse-profiteer-2022-11-23/

The strange part with all of this is that the teachers pension find lost the most; we tried to let the SEC know. 

---------- Forwarded message ---------
From: <noreply@its.ny.gov>
Date: Sun, Nov 19, 2023, 3:08 PM
Subject: FOIL Request Confirmation from Open FOIL NY
To: <G@xny.io>


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INFORMATION SUBMITTED:
Records Requested From
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Short Title
2022 New York City Pension/Investment Management Asset Performance
Description
While surveying 2022 New York City Pension/Investment Management Asset Performance, xNY.io - Bank.org noticed an overall negative return for the five systems referenced here: https://comptroller.nyc.gov/services/financial-matters/pension/asset-performance/. xNY.io - Bank.org seeks access to any and all records explaing 2022 New York City Pension/Investment Management Asset Performance as a loss for all five funds. Comprehensively, the mechanisms for garnering public equity are easily understood and easy to execute. An advantage for public equity is its liquidity as most publicly traded stocks are available and easily traded daily through public market exchanges. Related to New York City Pension/Investment Management Asset Performance, public equity investments do not include individual stocks under "asset type" and "asset name." xNY.io - Bank.org would like to receive record if the five systems owned PayPal (PYPL) as an individual investment as part of fund investment across the systems between FY 2020 and 2022. Additionally, xNY.io - Bank.org seeks trading history ststements of PYPL across the five systems between FY 2020 and 2022. -- Gunnar Larson xNY.io - Bank.org MSc - Digital Currency MBA - Entrepreneurship and Innovation (ip) G@xNY.io +1-917-580-8053 New York, New York 10001
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